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Property profile & analytics
OFF-MARKET
Estimated value
$8,350,000
Warehouses
11708 Warner Ave Portland, OR 97223-8459
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US71-0916235
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2008
Total area
27,063 SF
Lot
0.6 ac (26,136 SF)
Zoning code
MU-CBD
APN
1S135DD-05200
UPID
US71-0916235
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Trojan Storage of Tigard Storage Facility
-
Record Nations Storage Facility
-
Jose's Auto Towings Company Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.35M
Blend (final)
Blend
$8.35M
Owner & transaction history
Ch Realty Vii-wpc I Portland T · 9 yrs held
Ch Realty Vii-wpc I Portland T
since 2017
7 recorded transactions
Zoning & alternative use
MU-CBD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.3M
+67.8%
Auto repair, garage
$8.3M
+49.6%
Medical building
$8.2M
+48.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Portland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,520,000
Current use
RESTAURANT
$9,270,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,265,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$8,175,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$8,125,000
Change: +47% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,855,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$7,820,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$8.35M
Range $7.52M – $9.19M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$309 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$50,717
Tax year 2023
Assessed value
$2,881,320
Assessed 2023
Previous assessed
$2,797,400
+3.0% YoY
Effective rate
1.76%
On assessed value
Land market value
$439,710
Improvement market value
$4,150,390
Total market value
$4,590,100
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Heating
NONE
Total area
27,063 SF
Lot
0.6 ac (26,136 SF)
Zoning code
MU-CBD
APN
1S135DD-05200
UPID
US71-0916235
Jurisdiction
WASHINGTON
Zoning & alternative use
MU-CBD · Portland, OR
Zoning MU-CBD · permitted uses
MU-CBD · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.5M
RESTAURANT
Est. value
$9.3M
AUTO REPAIR, GARAGE
Est. value
$8.3M
MEDICAL BUILDING
Est. value
$8.2M
RETAIL STORES
Est. value
$8.1M
COMMERCIAL (GENERAL)
Est. value
$7.9M
OFFICE BUILDING
Est. value
$7.8M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Lot
0.6 ac
Current owner
From public records · entity-resolved
Ch Realty Vii-wpc I Portland T
Entity
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2018
—
Ch Realty Vii-wpc I Portland T
—
Loan Modification
related
$55,594,574 · Comerica Bk
Jun 22, 2017
—
Ch Realty Vii-wpc I Portland T
—
Grant Deed
related
$55,594,574 · Comerica Bk
Apr 20, 2017
$4,200,000
Ch Realty Vii-wpc I Portland T
Mirage Works LLC
Grant Deed
—
Mar 24, 2009
—
Mirage Works LLC
—
Trustees Deed
related
$138,000 · Eric Gambee Construction INC
Oct 16, 2007
—
Mirage Works LLC
—
Deed Of Trust
related
$3,000,000 · Liberty Bank
Mar 23, 2006
$225,000
Mirage Works LLC
Patel,ashok A & Suryakant R
Grant Deed
$250,000 · Welsh Family Trust (tr)
Sep 16, 1997
$143,000
Ashok A Patel
Deuth,robert & Carol
Grant Deed
$113,000 · Seller
Jun 6, 1994
$85,000
Robert Deuth
Donna M Huffman
Grant Deed
—
—
—
Mirage Works LLC
—
Deed Of Trust
related
—
—
—
Mirage Works LLC
—
Deed Of Trust
related
$2,888,000 · Iq Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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